Thursday, April 12, 2018

"concerning all documentation concerning the financial sustainability of the Tanger Performing Arts Center

From: Kurt
to: "hartzman
date: Thu, Apr 12, 2018 at 1:51 PM
subject: City of Greensboro Public Records Request #7857

In response to your public records request #7857 concerning all documentation concerning the financial sustainability of the Tanger Performing Arts Center since 1/1/17, the City of Greensboro Coliseum responds, “The Coliseum has no records responsive to this request.  The Tanger Center budget for a full year of operation is being developed now.”

I hope this information is helpful to you.

Thank you for your public records request,
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The City of Greensboro won't/can't produce a document confirming $41,826,000 of private contributions for the TPAC listed on the application for the debt approval,  meaning the application filed by Greensboro with the N.C. Local Government Commission has a bunch of numbers on paper, not backed up by underlying documentation or confirmed confirmation;


"In response to your public records request for the application with the Local Government Commission for approval of Bonds and Trust Agreement for financing the Steven Tanger Performing Arts Center, the City of Greensboro Finance and Administrative Services has provided the attached Application for LGC Approval of TPAC Limited Obligation Bonds";

From the application;


Questions asked in response to what was provided in the public records request;

"Are there any attachments?
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"Thank you for your email! I have contacted the City of Greensboro’s Finance and Administrative Services concerning the records that you have requested. I will email them to you as soon as the records are ready.

Thanks,

Kurt Brenneman, PIRT Administrator
Libraries"
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From a Roch Smith City of Greensboro records request on STPAC funding; The City doesn't really know how much of the private donations received are actually in hand, and Walker Sanders of The Community Foundation of Greensboro appears to have not released the information while making investment fees on an unknown amount of assets.



The City didn't come up with anyone elected or on staff which even asked for information confirming the whereabouts of more than $40 million


"Manning and Walker Sanders, the president of the Community Foundation,
also announced that they had met their goal
of raising $38.5 million from private donors."

Dawn DeCwikiel-Kane
Financially Illiterate News and Record reporter



"Costs for the entire project will be covered by private donations,
hotel and motel tax revenues, ticket fees and parking revenues
— not taxpayer money, [Matt] Brown said.

The venue originally was projected to cost $65 million,
with $30 million coming from the city of Greensboro and $35 million from private donors."

Dawn DeCwikiel-Kane
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Greensboro's City Council violated their oaths of office;

...lawful oaths for discovery of truth and establishing right 
are necessary and highly conducive to the important end of good government; 
and being most solemn appeals to Almighty God, 
as the omniscient witness of truth and the just and omnipotent avenger of falsehood, 
and whereas, lawful affirmations for the discovery of truth and establishing right 
are necessary and highly conducive to the important end of good government, 
therefore, such oaths and affirmations ought to be taken and administered
with the utmost solemnity.

§ 11-1. Oaths and affirmations to be administered with solemnity

Discovery of truth on TPAC didn't happen, and if it did, voting for the measures was a violation of the City of Greensboro oath of office and an unfaithful act.

From December 17, 2017's City Council meeting;


City taxpayers are going to borrow $43,450,000, which will cost $65,987,494.98, and no one at the City of Greensboro government level is able to produce any information as to where the private donations are, or what the money is invested in

The Local Government Commission, including North Carolina State Treasurer Dale Folewell and Greensboro's taxpayers have been played for fools, courtesy of the News and Record, Roy Carroll, via the Rhino Times' John Hammer, Matt Brown, Rick Lusk, Jim Westmoreland, Tammi Thurm, Allen Johnson, Nancy Vaughan, Nancy Hoffmann, Justin Outling, Marikay Abuzuaiter, and Yvonne Johnson, and the general population will remain uninformed with the help of the above persons.

Ethical Responsibilities of the Governing Body of the City of Greensboro;


Any City Council member who voted for a project without confirming where all the money was coming from violated Greensboro's City Charter
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About the Local Government Commission

In 1931 the North Carolina General Assembly established the Local Government Commission to help address the problems in local government finance caused by the depression.

Asistance to local governments and public authorities in North Carolina. It is staffed by the Department of State Treasurer and approves the issuance of debt for all units of local government and assists those units with fiscal management. 

The primary mission of the LGC is focused in three areas of responsibility and authority. First, a unit of government must seek LGC approval before it can borrow money. In reviewing each proposed borrowing, the LGC examines whether the amount being borrowed is adequate and reasonable for the projects and is an amount the unit can reasonably afford to repay. Second, once a borrowing is approved, the LGC is responsible for selling the debt (or bonds) on the unit’s behalf.

While state agencies in some other states are charged with approving local government debt; it is the combination of the power of approval with the power of sale that makes the LGC unique in the nation.

Third, the LGC staff regulates annual financial reporting by oversight of the annual independent auditing of local governments, by monitoring the fiscal health of local governments and by offering broad assistance in financial administration to local governments.

The Commission is composed of nine members: the State Treasurer, the Secretary of State, the State Auditor, the Secretary of Revenue, and five others by appointment

Primary Contacts
Main Number
(919) 814-4000

Press
press@nctreasurer.com
(919) 814-3820

Mailing Address
Department of State Treasurer
3200 Atlantic Avenue
Raleigh, NC 27604 

Fraud, Waste & Abuse Hotline 
1-855-90FRAUD
(1-855-903-7283)

Financial Operations
  
Accounting
(919) 814-3900

Banking
(919) 814-3900

Core Banking System Help Desk
(919) 814-3916  

Office of State Treasurer

Main Number
(919) 814-3800

Media Line
(919) 814-3820
press@nctreasurer.com

State and Local Government

Main Number
(919) 814-4300 

N.C. Local Government Commission;

Dale R. Folwell, CPA 

Elaine Marshall 

Beth Wood

Joshua Bass 

Viola Harris 

Scott Padgett 

Edward Munn 

Mike Philbeck 

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A financing update for the now $90 million Steven Tanger Center for the Performing Arts (STPAC), of which the City won't provide any details of underlying math, and won't provide anyone who knows to ask about it;

"Dear Mr. Hartzman,

In response to your public records request #7470 concerning any data or information concerning anticipated parking revenue impact associated with downtown Greensboro’s new performing arts center, relative to the creation of two new parking decks within the same area, the City of Greensboro Department of Transportation responded that it does not have any records responsive to your request."
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From the application;


Questions asked in response to what was provided in the public records request;

"Are there any attachments?

Please provide the underlying documents under number 11 that are not included."



"Please provide the underlying documents related to projection of underlying net revenues.   Lcg-108d.

The actual revenue not listed on same page.  And number 2. Normal growth estimate."


"Thank you for your email! I have contacted the City of Greensboro’s Finance and Administrative Services concerning the records that you have requested. I will email them to you as soon as the records are ready.

Thanks,

Kurt Brenneman, PIRT Administrator
Libraries"
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Why would Greensboro's finance department not fill out the whole form?

Does the Local Government Commission have a habit of rubber stamping municiple projects like this without complete information?
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"from: George
to: "Brenneman,
"Westmoreland, Jim" <Jim.Westmoreland@greensboro-nc.gov>,
Thomas.Carruthers
"Druga, Marlene" <
"Lusk, Rick"
"Moffett, Margaret"
Jeffrey Sykes
nancy.vaughan
Sharon Hightower
Justin Outling
"Abuzuaiter, Marikay"
date: Mon, Feb 19, 2018 at 6:24 PM
subject: Re: City of Greensboro Public Records Requests #7634, 7635, and 7636

I have asked for a meeting to explain this information twice or three times.

Please set up a meeting with someone who can go through this with me.

Thanks,


g"
,
,
Tue, Feb 20, 2018 at 8:43 AM

Dear Mr. Hartzman,

Good morning! I am locating someone who can review the financial statements provided in response to Public Records Requests #7634, 7635, and 7636 with you.
Many thanks,

Kurt
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Sat, Feb 24, 2018 at 8:24 AM

How is the review person issue coming?

g

Never happened

Please provide the application to the Local Government Commission for the TPAC project

http://greensboroperformingarts.blogspot.com/2018/02/please-provide-application-to-local.html

How to mislead a community on $23,108,494.98 Publicly Funded TPAC costs, by Greensboro's City Council, Staff and the 'Private Donors' who knew and said nothing

http://greensboroperformingarts.blogspot.com/2018/02/how-to-mislead-community-on-2310849498.html

From a Roch Smith City of Greensboro records request on STPAC funding; The City doesn't really know how much of the private donations received are actually in hand, and Walker Sanders of The Community Foundation of Greensboro appears to have not released the information while making investment fees on an unknown amount of assets

http://greensboroperformingarts.blogspot.com/2018/02/from-roch-smith-city-of-greensboro.html

Greensboro City Manager Jim Westmoreland's Climax; "In response to your public records request concerning the City of Greensboro legislation which states the City is obligated to provide "off-street parking (both surface lots and parking decks) to meet the needs of downtown businesses" cited by Jim Westmoreland, attached is a copy of the City of Greensboro Code 16-156, Ord. No. 87-50"

http://greensboroperformingarts.blogspot.com/2018/02/greensboro-city-manager-jim.html

Mike Barber's 2017 Greensboro City Council campaign finance payoff for going after Randall Kaplan, Kathy Manning and George House, with some Yvonne Johnson, Tony Wilkins, Goldie Wells, Nancy Vaughan, Sharon Hightower, Justin Outling, Nancy Hoffmann, Jim Kee and Marty Kotis

http://greensboroperformingarts.blogspot.com/2018/02/mike-barbers-2017-greensboro-city.html

STPAC VIP Parking Control Fraud Math

http://greensboroperformingarts.blogspot.com/2017/12/stpac-vip-parking-control-fraud-math.html

Downtown Greensboro Parking Deck Math = City Council lied to our community and may have broken a few laws

http://greensboroperformingarts.blogspot.com/2017/12/downtown-greensboro-parking-deck-math.html

On April 18, 2017, Justin Outling seconded and voted to give Brooks Pierce Partner George House Greensboro taxpayer monies while Justin worked at Brooks Pierce

http://greensboroperformingarts.blogspot.com/2017/11/on-april-18-2017-justin-outling.html

Ethical Responsibilities of the Governing Body of the City of Greensboro

http://hartzman.blogspot.com/2013/04/ethical-responsibilities-of-governing.html

Greensboro's Tanger Center Budget, as of 12/19/2017; Tammi Thurm voted for legislation which gave her boss' brother $586,000

http://greensboroperformingarts.blogspot.com/2018/01/greensboros-tanger-center-budget-as-of.html

Two reasons among many that a GPAC with 3,000 seats probably won't work as well as DPAC with 2,700 seats

http://hartzman.blogspot.com/2013/06/one-reason-among-many-that-gpac-with.html

Downtown Greensboro Parking Deck Math = City Council lied to our community and may have broken a few laws

http://greensboroperformingarts.blogspot.com/2017/12/downtown-greensboro-parking-deck-math.html

Congrats to Roy Carroll and Randall Kaplan; Your names appear nowhere on $56 million in taxpayer handouts

http://greensboroperformingarts.blogspot.com/2017/11/congrats-to-roy-carroll-and-randall.html
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from: George
to: Dale Folwell @nctreasurer.com>,
jbaughman   sosnc
beth_wood  ncauditor
J Bass <jbbass05
violaharris39
padgetts    concordnc
M Beck <mdphilbeck
date: Sun, Mar 4, 2018 at 8:29 AM
subject: Re: How to mislead a community on $23,108,494.98 Publicly Funded TPAC costs, by Greensboro's City Council, Staff and the 'Private Donors' who knew and said nothing

Incomplete STPAC debt financing application; "In response to your public records request for the application with the Local Government Commission for approval of Bonds and Trust Agreement for financing the Steven Tanger Performing Arts Center, the City of Greensboro Finance and Administrative Services has provided the attached Application for LGC Approval of TPAC Limited Obligation Bonds"

http://greensboroperformingarts.blogspot.com/2018/03/incomplete-stpac-debt-financing.html
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According to the City, dated January 26, 2018, the total amount expected to be repaid by revenues associated with the Steven Tanger Performing Arts Center is $65,987,494.98;


The citizenry was told total 'Public Funding' was $42.879 million;



$42.879 million - $65,987,494.98 = $23,108,494.98 more than the City informed the public of

In 2022, the TPAC revenue generators will have to come up with $2,864,792.20 in Annual Net Debt Service.

31 estimated events have no charge

149 - 31 = 118

$2,864,792.20 / 118 = $24,277.90 per shows with sold tickets needed to cover the debt costs, from Hotel, Motel Taxes, Ticket User Fees, Garage Parking, and 331 VIP Parking Spots

The venue itself is expected to lose somewhere between $173,400 to $388,312 per year;

http://www.greensboro-nc.gov/modules/showdocument.aspx?documentid=21349

Most of these numbers came out before Uber and Lyft came on the scene

As the map by City of Greensboro's Adam Fisher notes, there are 488 free on street parking spots within 1,200 feet of the site, not counting the VF and the Marriott parking across the street;
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7yYf-FgaVvhZqm5CUFD95KQcGbAYKnfPEdcoaaR-MTUU_nwOjbn6I_xWlRX-WeYMoq8gWu_16EiroPZNyJ4S50BA2A8E9bTQYcv5bOi6YOhvdBisOAQ1PRntNBHJqZTH9b0URpz11Vow/s1600/Inside+Circle.jpg
$2,864,792.20 / 12 = $238,732.68 needed to cover the debt costs per month, not counting ongoing operating losses of somewhere between $173,400 to $388,312 per year, both of which are probably low

The costs are unsustainable, and 'they' knew it

Please hold those who knew and misled our City's taxpayers accountable 
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Unanswered City of Greensboro STPAC related public records requests etc...

Please provide the City's estimation of STPAC patrons parking and staying at the Marriott, Roy Carroll and Randall Kaplan hotels

Please provide the application to the Local Government Commission for the TPAC project

Please provide the City's estimation of Uber, taxi services to be utilized by STPAC patrons

Please provide documentation showing expected STPAC ticket fee revenue

Please provide documentation itemizing "$41.826M PRIVATE FUNDING TOTAL" for the STPAC

Please provide any documents or communications between anyone at the City and CFGG concerning private donations for STPAC since January 1, 2017.

 Please provide documentation showing how many total VIP parking spaces are planned for STPAC
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On US Senator Kay Hagan's Brother in Law David Hagan, Making a Nice Slice off Greensboro's Taxpayers while Sitting on CFGG's Board


Performing Arts Center: "[Notable]...Task Force Members"

GPAC Development / Marketing Task Force; Kathy Manning, co-chair

GPAC Economic Impact / Feasibility Task Force; Randall Kaplan

GPAC Development / Marketing Task Force; George House, one of Randall's partners


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City Council minutes, February 7, 2012



Downtown Greensboro Parking Deck Math = City Council lied to our community and may have broken a few laws

STPAC VIP Parking Control Fraud Math

On Margaret Moffett's "Downtown parking decks may be a thing of the past", Justin Outling, Tammi Thurm and our coming tax increase to pay for handouts to millionaires

Looks like The Steven Tanger Center for the Performing Arts is going to cost a lot more than the reported $89.7 million

Are the parking deck deals for Randall and Roy "Rackets"?

On Greensboro's News and Record's "Officials: Cone Denim's legal access increases with deck" by Margaret Moffett

Jeff Sykes carves up Nancy Vaughan, Roy Carroll, Randall Kaplan and the rest of the crooked crew in downtown Greensboro

A mix of Gary Kenton's letter to the editor and Hartzman's, "Voters should follow money connections", with some public records requests submitted to the City of Greensboro
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